"I never advise my clients on municipal bonds. That was not
ever part of my argument. It was a side, you know, it
happened to be what '60 Minutes' focused on.

"But what I've advised my clients on doing is look where the
growth is going to come from. It cannot come from these vortex
economies like California, like Arizona, Nevada, areas that
powered our economy.

UPDATE: CNBC's Gary Kaminsky just called Whitney
out on "Squawk on the Street" for saying that.

"We're not going to let Ms. Whitney re-write history as much as
she'd like to do. The fact is when she came on '60 Minutes'
she made a bold prediction about the number of defaults we would
see in the municipal bond market. If we take a look at the
MUB--the ETF that tracks the municipal bond market--over the last
three years, again, we've pointed out data in terms of defaults,
she scared thousands of people out of owning municipal bonds."

He said munis have been a good place for people to be invested
in.

"Over the last year-and-a-half, a very good place for people that
needed income, especially tax-free income, to be invested.
Record highs in terms of prices, record lows in terms of
yields."

Kaminsky said he now wants to watch all of the "60 Minutes"
footage featuring Whitney.

"This idea that she wants to re-write history by saying...she
said if you go and listen to the full two hours, not just the
snippet that '60 Minutes' played where she made this prediction,
she really wasn't making the prediction... I'm sorry. You
know what let's get '60 Minutes' to release that footage.
I'll watch everything. If I have to come back here
and eat crow and basically say that she wasn't making that bold
prediction, I'll do it."

Kaminsky then looked directly into the camera and said the
following: "So '60 Minutes' release that footage because it had a
dramatic impact on the investing public and a lot of that pain is
still being felt."

That's not all. Kaminsky also challenged Whitney on another
headline she made this morning when she said she never advised
her clients on municipal bonds.

To which he responded, "I know that to be factually
incorrect because many of her clients actively shorted the MUB
Index as a result of this research call. Again, you can't
rewrite history."